American Clean Transportation Technology Alliance CALSTART: More than $100 billion of investments are still being implemented in the US electric vehicle market.

On March 10th, Michael Berube, CEO of the U.S. Clean Transportation Technology Alliance CALSTART, pointed out at the 2026 International Battery Technology and Innovation Summit that various news headlines have been reporting that the U.S. industry announced about $50 billion in asset write-downs for electric vehicles, "but what the reports fail to fully reflect is that over the past three years, the industry has invested more than $160 billion at an extremely high rate. In other words, there is still over $100 billion of investment that is landing in the U.S. electric vehicle market, and will continue in the coming years," said Michael.